Singapore legislation
Regulation 12
of Securities and Futures (Disclosure of Interests) Regulations 2012
Regulation 12
Exemption of registered holders of listed securities from duty to notify person with interest in listed securities of acquisition or disposal
Subregulation 1
A registered holder of listed securities need not give notice to a person who has an interest in those securities under section 137B of the Act (including that section as applied by section 137J(1) or 137U(1) of the Act) in respect of any acquisition or disposal of those securities effected by the holder, if —
the acquisition or disposal was effected by him in accordance with instructions given by that person; or
he is holding the listed securities as a bare trustee, custodian or nominee on behalf of that person.
Subregulation 2
In this regulation —
Definition
“depositor”, “Depository” and “Depository Register” have the same meanings as in section 130A of the Companies Act (Cap. 50);
Definition
“registered holder”, in relation to any listed securities, means ––
any person whose name is entered in the register of the issuer of those listed securities as the holder of those securities; or
where the Depository or its nominee is entered in that register as the holder of all the listed securities in the issuer, any person who is named as a depositor in the Depository Register in respect of those listed securities.